Summary
Bank of America Corporation (BAC) filed an 8-K on January 23, 2007, to report its financial results for the fourth quarter and the full year ended December 31, 2006. The company announced strong performance, with fourth-quarter net income reaching $5.26 billion and diluted earnings per common share at $1.16. For the full year, net income was a substantial $21.13 billion, with diluted earnings per common share of $4.59. This filing indicates a robust financial period for Bank of America, highlighting significant profitability. The company also held an investor conference and webcast to discuss these results, providing supplemental information for investors. While the specific details of the growth drivers or any challenges faced are not elaborated upon in this 8-K itself, the reported figures suggest a positive financial trajectory at the end of 2006.
Key Highlights
- 1Bank of America reported $5.26 billion in net income for the fourth quarter of 2006.
- 2Diluted earnings per common share for Q4 2006 were $1.16.
- 3Full-year 2006 net income reached $21.13 billion.
- 4Full-year 2006 diluted earnings per common share stood at $4.59.
- 5The company held an investor conference and webcast on January 23, 2007, to discuss these financial results.
- 6Supplemental information was provided to investors during the conference.
- 7The filing incorporates by reference a press release (Exhibit 99.1) and supplemental information (Exhibit 99.2) detailing the Q4 and full-year 2006 financial performance.